B2B payments have a long way to go to achieve the speed and efficiency that's now a reality in peer-to-peer payments. Invoice and payments automation are important to addressing friction, but Libeo CEO and Co-founder Pierre Dutaret tells PYMNTS that deepening connections between buyers and suppliers is also key to achieving a P2P-like transaction experience.
Italy's 80 percent spike in delayed B2B payments reflects just how dramatic the impact of the cornavirus is on the accounts payable department. This week's look at the data behind the latest late payments stories finds some firms fighting back and vowing to accelerate vendor payments to support supply chain partners.
As many organizations cut costs and manage cash flow by lengthening supplier payment terms, many supermarket chains are doing just the opposite. Blue Yonder Vice President of Industry Strategies Shri Hariharan spoke with PYMNTS about the ways grocers are optimizing supply chains and vendor relationships to maintain stability as the coronavirus forces some major business model shifts.